Evening Scan

Anthropic had itself a day: a $9.1B compute deal, IPO chatter that could make history, and a watermarking pledge to keep the EU regulators happy — all before dinner. Intel's stock sale drew triple the demand it needed, a signal of either confidence or crowding.

$100B+ — the demand Intel's upsized $20B share sale drew from investors, more than 6x oversubscribed. (Bloomberg)

Anthropic strikes $9.1B compute deal with Riot Platforms (paywall)

Twenty years, 191 MW, one Texas crypto miner suddenly in the AI infrastructure business — RIOT shares jumped ~25% on the news. (Bloomberg)

Anthropic courts investors for what could be the biggest IPO ever (paywall)

The pitch is growth plus a plan to defang the AI backlash — good luck threading that needle in a roadshow deck. (WSJ)

Intel raised $20B in an upsized share sale (paywall)

INTC is up ~146% this year, so the turnaround story is selling even if the chips aren't yet. (Bloomberg)

Anthropic will embed watermarks in Claude outputs to comply with the EU AI Act

Older models get the update too — a rare case of an AI lab retrofitting compliance instead of just promising it going forward. (The Register)